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Great-West Lifeco Inc. (GWO.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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43.02+0.25 (+0.58%)
At close: 04:00PM EDT

Great-West Lifeco Inc.

100 Osborne Street North
Winnipeg, MB R3C 1V3
Canada
204 946 1190
https://www.greatwestlifeco.com

Sector(s)Financial Services
IndustryInsurance - Life
Full Time Employees33,500

Key Executives

NameTitlePayExercisedYear Born
Mr. Paul Anthony MahonPresident, CEO & Director4.62M3.53M1964
Mr. Raman Srivastava CFAExecutive VP & Global Chief Investment Officer2.19MN/AN/A
Mr. Garry MacNicholasExecutive Officer1.55M910.06kN/A
Mr. Edmund Francis Murphy IIIPresident & CEO of Empower5.72M1.71M1962
Mr. Jon P. NielsenExecutive VP & Chief Financial OfficerN/AN/A1974
Mr. Gordon Patrick MenzieSenior Vice-President of Corporate Finance & TreasuryN/AN/AN/A
Mr. Michael DibdenExecutive VP & Chief Information OfficerN/AN/AN/A
Ms. Sharon C. GeraghtyExecutive VP & General Counsel1.05MN/AN/A
Amy E. MetzgerSenior VP & Chief Compliance OfficerN/AN/AN/A
Mr. David B. SimmondsSenior VP and Global Chief Communications & Sustainability OfficerN/AN/AN/A
Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

Description

Great-West Lifeco Inc. engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations. It provides individual product solutions and employer-sponsored retirement savings plans that offers saving, investment, and advisory services; wealth management including payout annuity, equity release mortgages, pensions, and investments products. In addition, the company offers bulk and individual payout annuities, equity release mortgages, life bonds, and retirement drawdown and pension products; savings and investments; and provides asset management services, such as pension schemes, insurance companies, wealth managers, fiduciary managers, and sovereign wealth funds, as well manages assets for third-party institutional clients. Further, it provides life, annuity/longevity, mortgage surety, and property catastrophe reinsurance products. The company offers its products under the Canada Life, Irish Life, and Empower brand names. It distributes its products through a network of sales force, brokers, consultants, advisors, third-party administrators, financial institutions, dealers, managing general agencies, employee benefit consultants, banks, and multi-tied agents. The company was founded in 1891 and is based in Winnipeg, Canada. Great-West Lifeco Inc. operates as a subsidiary of Power Financial Corporation.

Corporate Governance

Great-West Lifeco Inc.’s ISS Governance QualityScore as of May 1, 2024 is 9. The pillar scores are Audit: 7; Board: 10; Shareholder Rights: 10; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.